Business/Finance
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| July 7, 2008
Fitch has revised its Ratings Outlook on Cablevision to "Stable" from "Negative," arguing that the MSO’s Newsday acquisition will provide "opportunities to create revenue synergies by cross selling print, television, and online advertising to its local advertiser base." Plus, said Fitch, "integrating more local content… can further distinguish Cablevision’s service offering from its competition." The firm did note concern, however, with Verizon‘s impending move into NYC and a likely decline in RGU growth rates.